Casey’s General Stores (NASDAQ:CASY – Get Rating) StockNews.com investment analysts upgraded the stock from a ‘buy’ rating to a ‘strong buy’ rating in a report released on Tuesday.
Other equity analysts also publish research reports on equities. Benchmark began coverage of Casey’s General Stores stock in its research report on Monday, July 18th. They set a Buy rating and a target price for the company of $230.00. Royal Bank of Canada raised its price target on Casey’s General Stores stock from $238.00 to $250.00 and gave the stock a ‘Sector Performing’ rating in its report on Thursday, September 8. Wells Fargo & Company featured shares in Casey’s General Stores in a report on Wednesday, May 25th. They set an “overweight” rating and a price target of $240.00. Wolfe Research began coverage of Casey’s General Stores stock in a report on Wednesday, August 17th. They announced an “Outperform” rating and a price target of $228.00. Finally, Deutsche Bank Aktiengesellschaft lowered its price target for Casey’s General Stores from $276.00 to $269.00 in a report on Friday, Sept. 9. One of his investment analysts rated the stock as a hold, seven rated it as a buy, and one rated it as a strong buy. According to MarketBeat.com data, Casey’s General Stores currently has a consensus rating of “buy” and a consensus target price of $245.00.
Casey’s General Stores Price Performance
CASY opened at $216.42 on Tuesday. The company has an equity ratio of 0.69, a quick ratio of 0.54 and a current ratio of 0.96. The company has a market capitalization of $8.06 billion, a P/E of 21.66 and a beta of 0.79. His 52-week low is $170.82 and his 52-week high is $223.90 at Casey’s General Stores. The company has a 50-day moving average of $209.41 and a 200-day moving average of $201.81.
Casey’s General Stores (NASDAQ:CASY – Get Rating) last reported earnings on Wednesday, September 7th. The company reported that he earned $4.09 per share for the quarter, beating analyst consensus expectations of $3.11 for him by $0.98. The company made $4.45 billion in revenue during the quarter, compared to analyst estimates of $4.47 billion. Casey’s General Stores had a net profit margin of 2.63% and a return on equity of 16.73%. The company’s quarterly revenue increased by 40.0% year-on-year. During the same quarter last year, the business earned him $3.19 per share. On average, research analysts expect Casey’s General Stores to record 10.04 EPS this year.
In related news, director Mike Spanos acquired 454 shares in a transaction on Monday, September 12th. Shares were bought at an average price of $220.45 per share, with a total trading value of $100,084.30 for him. After the transaction, the directors now own 454 shares of the company, valued at approximately $100,084.30. The acquisition is disclosed in SEC filings available on his website. A corporate insider owns his 0.28% of the company’s shares.
Casey’s General Stores institutional deals
Several institutional investors and hedge funds have recently changed their stock positions. Veritable LP purchased new shares of Casey’s General Stores in the first quarter for approximately $227,000. Pennsylvania Public Schools Retrmt SYS boosted his position at Casey’s General Stores by 10.6% in the first quarter. Pennsylvania Public Schools employee Retrmt SYS now owns 13,600 shares of the company worth $2,695,000 after he purchased an additional 1,299 shares during this period. Inspire Investing LLC purchased new shares of Casey’s General Stores for $235,000 in the first quarter. The Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Casey’s General Stores stock for approximately $6,025,000 in the first quarter. Finally, HighTower Advisors LLC increased its stake in Casey’s General Stores by 8.6% in the first quarter. HighTower Advisors LLC now owns 10,881 shares worth $2,164,000 after acquiring an additional 865 shares during the previous quarter. Hedge funds and other institutional investors own 76.68% of the company’s shares.
Casey’s General Stores Company Profile
Casey’s General Stores, Inc., along with its subsidiaries, operates convenience stores under the names Casey’s and Casey’s General Store. Its stores offer a variety of foods, including freshly prepared foods such as pizzas, donuts, and sandwiches. beverages; tobacco and nicotine products; health and beauty aids; automotive products;
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